CONESA ANDRES 4

What Happened
Andrés Conesa, CEO of Grupo Aeromexico (AERO), made an open-market purchase of 20,000 American Depositary Shares (ADSs) on March 19, 2026. The ADSs were bought at a weighted average price of $12.91 per ADS for a total reported value of $258,200. This was an outright purchase (a buy), which investors often view as a stronger signal than routine sales.

Key Details

• Transaction date: 2026-03-19; Form 4 filed 2026-03-23 (reporting period 2026-03-19). No late-filing flag is indicated in the provided data.
• Price: weighted average $12.91 per ADS; purchase prices ranged from $12.855 to $12.925 across multiple trades.
• Shares bought: 20,000 ADSs (total cost $258,200). Each ADS represents 10 common shares, so the economic equivalent is 200,000 common shares.
• Shares owned after transaction: not specified in the information provided.
• Footnotes: F1 confirms these were ADSs (1 ADS = 10 common shares). F2 notes the reported price is a weighted average and the filer can provide the breakdown of trades by price on request.
• Regulatory note: Because Aeromexico is a foreign private issuer (Rule 3a12‑3(b)), the reporting person's transactions are exempt from Sections 16(b) and 16(c) of the Exchange Act.

Context
ADS = American Depositary Share (a US-traded instrument representing underlying foreign common stock). The filing treats this as an open-market purchase of ADSs (not an option exercise or award). The foreign private issuer exemption affects certain short-swing profit rules but does not remove the public disclosure requirement reflected in this Form 4. No motivation or insider trading intent is stated in the filing.